What Are Public Utilities

question 7

Multiple Choice

What are public utilities?

• A)Goods or services provided by private firms and sold directly to the public.
• B)Goods or services provided by private firms and sold to the government.
• C)Goods or services provided by the government and sold to private firms.
• D)Goods or services which are regarded as essential and which are therefore usually provided by the government.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specified period, ultimately providing a view of the company’s profitability.

Chief Financial Officer

A high-ranking executive responsible for managing the financial actions of a company, including financial planning, record-keeping, and reporting.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific time, showing assets, liabilities, and equity.

Cash Flow Statement

A financial report that provides aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.